Fresh dirt

  • Insolar ? One Coin, Two Scams? GOOGLE CACHE COPY

    How Insolar has mislead investors and is engaging in deceptive practices.

    Essentially, Insolar is diluting the current value of their ERC-20 token — INS in exchange for a new coin (XNS) in a 1:10 ratio. Since INS’s total token supply is 50M INS, the swap will represent a 10x in number of coins for current INS holders and as pointed out by u/Svagrovsky, this number can be as high as 10 billion XNS with the number of coins they plan to print.

    The Insolar team has a lot of questions to answer and with the community already angered at the dilution of their tokens with the upcoming INS/XNS swap, they need to be addressed, yesterday.